Search balance of trade
Barter system
...Barter System is that system in which goods are exchanged for goods. In ancient times when money was not invented trade as a whole was on barter system. This was possible only in a simple economy but after the development of economy, direct exchange of goods without the use of money, was not without defects. There were various defects in this system. These were the following; 1. Double Coincidence.... 
Read
Monetary standards
...The way the currency of a country is issued, managed and regulated called the monetary system of the country. Monetary standards may be of different kinds. 1. Monometallism:If one metal is the ultimate measure of value in the country standard will be metallic. If one metal is the standard that monometallism. If that metal is gold it will be called gold standard similarly if that is silver it will .... Read
Merits and demerits of partnership form of organization
...rofits, higher will be the partners share.7. Advantages of Secrecy The partners can keep the business secrets to themselves. The firm is not required by law to publish its profit and loss account and balance sheet. 8. Retention of a Skilled Worker If an employee in the partnership business is found to be a man of outstanding talent and ability, he with the mutual consultation of other partners can.... Read
Quantity theory of money by irving fisher
...TRANSACT APPROACHIrving Fisher an American economist, put forward the Cash Transaction Approach to the quantity theory of money. He in his book The Purchasing Power of Money (1911) has stated that the value of money in a given period of time depends upon the quant t money in circulation in the economy It is the quantity of money which determines t general price level and the value of money Any cha.... Read
Role of commercial banks in the economic development of a country
... of credit to agriculture sector has greatly helped in raising agricultural productivity and income of the farmers. This has led to increased demand for industrial goods and expansion of industry.(5) Balanced development of different regions. The commercial banks play an important role in achieving balanced in different regions of the country. They help in transferring surplus capital from develop.... Read
Sources of bank funds
...ovides services to the customers. It offers a variety of interest bearing obligations to the public. These obligations are the sources of funds for the bank and are shown on the liability side of the balance sheet of a commercial bank. The main sources which supply funds to a bank are as follows:A Bank’s Own Funds.B Borrowed Funds.1. Bank’s own funds. Bank’s own funds are mainly of three typ.... Read
Importance of money market
...IMPORTANCE OF MONEY MARKETIf the money market is well developed and broad based in a country, it greatly helps in the economic development of a country. The central bank can use its monetary policy effectively and can bring desired changes in the economy for the industrial and commercial progress in the country. The importance of money market is given, in brief, as under:(i) Financing Industry: A .... Read
Balance of payment
...Balance of payment refers to the net results that are drawn after recording all the visible and invisible items that are imported and exported from the country. Balance of payment, as such, provides a comprehensive statment over the net results of foreign trade and gives a true picture as to where the country stands in the international trade.Balance of payment clearly exposes the economic viabili.... Read
Alibaba china ali baba group
...Alibaba (SEHK: 1688) a Hangzhou-based e-commerce/e-auction company, specializing in global trading. It was founded in 1999 by Ma Yun (Jack Ma), and operates five e-commerce sub-companies which operate different aspects of trading.In 2008, Alibaba.com attracted at least 23 million visitors[1] of which 65 percent were from China.Business The English-language web site alibaba.com specializes in busin.... Read
Clenbuterol and fat burning
... dosing aerosols, injectable solutions, and granules. Since athletes usually prefer tablets or liquids.
How To Use ClenbuterolNumerous athletes use Clenbuterol (Ventolase) after steroid treatment to balance the resulting catabolic phase and thus obtain maximum strength and muscle mass. A further aspect of Clenbuterol is its distinct fatburning effect. Clenbuterol burns fat without dieting because.... Read
Letter of credit
...Letter Of Credit (L/C) It is a letter of open request by a bank or other financial institution to a prospective borrower, for an agreed amount and for a definite or indefinite period. It enables the borrower to draw a bill of exchange on the bank which is automatically accepted. Letter of credit is an open letter of request by a bank requesting a person to. lend a certain sum of money to the perso.... Read
Stock exchange
...A stock exchange, share market or bourse is a corporation or mutual organization which provides facilities for stock brokers and traders, to trade company stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities, as well as, other financial instruments and capital events including the payment of income and dividends. The securities traded on a.... Read
Cash balance approach to the quantity
...THEORY OF MONEYThe cash balance approach to the quantity theory of money was developed by a group of Cambridge economists in England which included Alfred, Marshall, AC. Pigou, Robertson and J. M. Keynes’ The approach of Cambridge economists to the quantity theory of n differs significantly from the Fisher’s approach. Fisher’s approach was based on the medium of exchange function of money. T.... Read
The phases of business cycle
...What is business cycle?A business cycle ‘is a short term picture of the behavior of real output in a private enterprise economy Business cycle refers to upturn and downturn in the level of economic activity that extends over a period of time’. The business fluctuations occur in aggregate variable such as national income, employment and price level. The variables nearly move at the same time an.... Read
Khuda ke liye
...Khuda Kay Liye is a Pakistani Urdu-language movie directed by Shoaib Mansoor. Iman Ali makes her cinema debut with this film, and enacts the character of a Pakistani-Briton. Shaan's wife is played by Austin Sayre whilst the young music prodigy Ahmed Jahanzeb along with Shuja Haider (composer of anti-terrorism song Yeh Hum Naheen) produced the soundtrack of the film. PlotThe movie revolves around a.... Read
What is triphala churna and how to take triphala
...mbining, triphala might help you. Triphala is the combination of three Ayurvedic (Indian) herbs: amalaki, bibbitaki and haritakis. Taking triphala is appropriate for any mind-body (dosha) type and it balances Vata (wind) in the colon to relieve irregularity. It is generally safe enough to use daily if needed and is not habit-forming.Ayurvedic MedicineAyurveda is a medical system that originated in.... Read
Methods of exchange control
...king between two or more nations to buy and sell goods and services among themselves according to specified rate of exchange. The payments are to be made by buyers in the buyer’s home currency. The balance, if any, is settled among the central banks of the nations at the end of stipulated periods either by exporting gold or of an acceptable third currency, or they are allowed to for another peri.... Read
Role of commercial banks in the economic development of pakistan
...Assisting in the development. The commercial banks are profit seeking enterprises. In order to maximize the profits, they have the incentive to maximize the loans. An organized banking system keeps a balance between liquidity and profitability and thus assists in the planned development of the economy.7. Provision of agency services. The commercial banks provide agency services to the clients. The.... Read
Methods of note issue
...Methods of Note IssueBoth the principles of, note issue mentioned above, have serious defects. The monetary experts’ by coordinating the advantages of both the principles have evolved various systems or methods of notes issue. The main systems of note issue prevalent in different countries of the world are (1) Partial Fiduciary System. (2) Proportional Reserve System. (3) Minimum Reserve System..... Read
Mint par parity theory of exchange rate
...ixed rate. It remained constant so long as the monetary laws of the country remained unchanged. The current or the market rate of exchange, however, fluctuated from time to time due to changes in the balance of payments of the respective countries. The variations in the exchange rate remained within the well defined limits called gold points or specie points The gold points refer to the limits wit.... Read
